November 25, 2020
Bethesda, MD—Today, Aledade announced an agreement to provide coordinated care to West Virginia Public Employees Insurance Agency (PEIA) plan members. Under the three-year contract, 6,000 West Virginia state and public school employees will join Aledade’s West Virginia ACO network, keep their primary care physician, and continue to receive high-quality, personalized care.
The Aledade West Virginia ACO will take on accountability for the total health care experience of West Virginia PEIA plan members cared for by Aledade ACO practices. In this shared savings arrangement, Aledade’s local independent primary care doctors will put a greater focus on care coordination, population health management, and preventive care. Through this partnership, Aledade and West Virginia PEIA can create value in health care through high-quality care, a healthier patient population, and lower costs.
“This unique partnership provides West Virginia public employees with high-quality, coordinated care, while also helping the state keep health care costs under control,” said Dr. Farzad Mostashari, CEO and co-founder of Aledade. “By joining an Aledade ACO, public employees will benefit from primary care physicians empowered to focus on doing what’s best for their patients and keeping them healthy.”
The West Virginia PEIA agreement is the first of its kind for Aledade, and the first time West Virginia has partnered with independent, primary care physicians.
“We are excited to be working with the West Virginia PEIA to truly focus on patient needs and care coordination for this important population,” said Ahmed Haque, Executive Director at Aledade.
Aledade offers a new model of primary care by partnering with physicians to build and lead Accountable Care Organizations (ACOs) – networks of physicians who band together to deliver coordinated care to patients. Aledade ACOs allow doctors to stay independent, practice medicine like they’ve always wanted to, and thrive by keeping people healthy. The Aledade model operates under a value-based payment structure that rewards positive health outcomes for patients, instead of the volume of health care services delivered.
In the Aledade model, primary care physicians are provided with unparalleled regulatory expertise; best practices from Aledade’s national network of hundreds of primary care doctors; user-friendly technology and data analytics that provide visibility into the spectrum of care their patients receive outside their office; and face-to-face practice transformation support.
Since its founding in June 2014, Aledade has grown tremendously, partnering with more than 110 practices across 11 states, covering more than 100,000 patients, and taking accountability for nearly a billion dollars of annual medical costs. Aledade is also expanding into new patient populations and entering new markets. Aledade recently announced additional partnerships with: (1) Blue Cross Blue Shield of Louisiana to provide care to their members; (2) 10 Federal Qualified Health Centers in West Virginia to provide care to low-income patients; and (3) new ACOs forming in Michigan, Missouri, Pennsylvania, and Utah/Nevada.
New statistics show that in 2015, Aledade ACOs had a 251% average practice increase in preventive care visits and a 175% average practice increase in transitional care services, resulting in a decrease in hospital readmission rates. Aledade ACOs had a $51,000 average increase in practice revenue in 2015.
Also this week, Aledade launched a redesigned website that better highlights Aledade’s new model of primary care and encourages the public, providers, and others to visit: aledade.com
Aledade is celebrating its two-year anniversary with the hashtag: #GrowWithUs.
All Aledade practices offer same or next day appointments for patients with urgent needs, and 95 percent of Aledade physician partners provide 24 hour-a-day, seven-day-a-week patient access to an on-call doctor. All new and existing ACOs manage these cornerstones of care through Aledade’s proprietary, cloud-based technology and analytics platform.
ABOUT ALEDADE
Founded in 2014, Aledade offers a new model of primary care that puts physicians back where they should be: quarterbacking their patients’ health care. Aledade partners with primary care physicians to build and lead Accountable Care Organizations (ACOs) that allow these doctors to stay independent, practice medicine like they’ve always wanted to, and thrive financially by keeping people healthy. Aledade provides data analytics and user-friendly technology to help doctors provide more seamless care, unparalleled regulatory expertise, the best practices shared by a national network of hundreds of doctors, and face-to-face practice transformation support. Based in Bethesda, MD, Aledade is led by CEO and co-founder Dr. Farzad Mostashari, former National Coordinator for Health Information Technology at the U.S. Department of Health and Human Services. Since its founding in 2014, Aledade has established successful organizations in New York, Delaware, Maryland, Arkansas, West Virginia, Tennessee, Mississippi, Florida, Louisiana, Virginia, and Kansas, which care for more than 100,000 patients.
At the heart of the Aledade model is the simple, but radical, idea that Aledade only succeeds when partner practices succeed in delivering better care at a lower cost. For more information, visit aledade.com.
FOR IMMEDIATE RELEASE
For more information regarding Aledade, contact:
Nick Samonas
[email protected]
(202) 792-7200